How to fix target overrides the `ALWAYS_EMBED_SWIFT_STANDARD_LIBRARIES` build setting defined in `Pods/Target Support Files/…`

If you are using swift and CocoaPods you may get the following warning after running pod install or pod update:

[!] The target overrides the ALWAYS_EMBED_SWIFT_STANDARD_LIBRARIES build setting defined in Pods/Target Support Files/…. This can lead to problems with the CocoaPods installation

The warning message then gives the following two suggestions:

Use the $(inherited) flag, or
Remove the build settings from the target.

To implement the first suggestion of using the `$(inherited)` flag follow the steps below:

Open Xcode
From the Project Navigator select your project
Select the Target
Go to the Build Settings tab
Search for “ALWAYS_EMBED_SWIFT_STANDARD_LIBRARIES”
Double click on the Yes / No option and select “Other…” instead
Type in the following: $(inherited)
Run pod install or pod update again